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Federal-Provincial Fiscal Arrangements Act

Version of section 4.1 from 2007-06-22 to 2013-06-25:


Marginal note:Territorial formula financing payments

  •  (1) Subject to the other provisions of this Act, there may be paid to a territory a territorial formula financing payment not exceeding the amounts determined under this Part for each fiscal year in the period beginning on April 1, 2007 and ending on March 31, 2014.

  • Marginal note:Fiscal year 2007-2008

    (2) The territorial formula financing payment that may be paid to a territory for the fiscal year beginning on April 1, 2007 is equal to,

    • (a) for Yukon, $540,095,000;

    • (b) for the Northwest Territories, $788,350,000; and

    • (c) for Nunavut, $892,852,000.

  • Marginal note:Subsequent fiscal years

    (3) Subject to the other provisions of this Part, the territorial formula financing payment that may be paid to a territory for a fiscal year beginning after March 31, 2008 is equal to the amount, as determined by the Minister, by which

    • (a) the aggregate of the gross expenditure base and the superannuation adjustment for that territory for that fiscal year

    is greater than

    • (b) the eligible revenues for that territory for that fiscal year.

  • 2004, c. 22, s. 4
  • 2005, c. 7, s. 1
  • 2006, c. 4, s. 183
  • 2007, c. 29, s. 62

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